IDG Ventures, Dell Foundation back logistics marketplace Blowhorn

For-Comet-Story-TC_ThinkstockPhotos-497130166Bangalore-based Catbus Infolabs Pvt. Ltd, which operates intra-city logistics startup Blowhorn, has raised Rs 25 crore ($3.65 million) in Series A funding from IDG Ventures India, Michael & Susan Dell Foundation, and existing investors Draper Associates and Unitus Seed Fund, it said in a statement. Blowhorn, whose tech-enabled platform connects customers with mini truck owners […]

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IDG Ventures and Axilor Ventures partner to fund frontier tech startups

L to R: Kris Gopalakrishnan, Chairman, Axilor Ventures and Sudhir Sethi, Chairman, IDG Ventures IndiaIndia-focused technology venture capital fund IDG Ventures India and Bangalore-based startup accelerator Axilor Ventures have come together to launch a programme to discover and fund early-stage startups in frontier tech sectors, the company said in a statement. Christened the Frontier Tech Innovators Programme, it will fund startups looking to raise seed or pre-Series A round […]

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PlaySimple raises $4 mn from SAIF Partners, IDG Ventures

ThinkstockPhotos-515738556Bengaluru-based mobile gaming startup PlaySimple Games Pvt. Ltd has secured $4 million (nearly Rs 27 crore) in a Series A round led by SAIF Partners and IDG Ventures India. The startup will use the funds to develop new games, develop its team and on marketing campaigns, according to media reports on Tuesday. The startup currently […]

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IDG in advanced talks to sell itself to Chinese investor group: report

IDGUS-based publishing and investor group International Data Group Inc. (IDG) is in advanced talks with a Chinese investor group to sell itself for over $1 billion. The investor group is led by IDG of Greater China chairman Hugo Shong, according to a Reuters report on Tuesday, citing unnamed sources. The names of other investors and […]

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Fintech startup Active.ai raises $3 mn

MONEY55555Singapore-based fintech startup Active.ai, using artificial intelligence (AI) to deliver virtual assistant banking services, has raised $3 million (Rs 20 crore) in funding from IDG Ventures India and Kalaari Capital, a company statement on Monday said. The company will use the investment to expand its clientele and advance its AI features to deliver a superior […]

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Little Black Book didn’t spend any money on customer acquisition, says CEO Suchita Salwan

Suchita-Salwan_feDelhi-based curated city and lifestyle guide Little Black Book is on a new high after raising $1.2 million from IDG Ventures India and the Indian Angel Network. The startup, which operates in New Delhi, Bangalore and Mumbai, claims the number of monthly active users have jumped 800% and revenue has surged 600% in just eight […]

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Exclusive: Furniture rental startup Rentomojo raises more funds from IDG, Accel

Rentomojo1Bangalore-based Edunetwork Pvt Ltd, which operates home appliances and furniture rental marketplace RentoMojo, has raised under $6 million (Rs 40 crore) from existing investors including Accel Partners and IDG Ventures India, a person privy to the development told TechCircle. Rentomojo co-founder Geetansh Bamania confirmed the development but declined to give any details. The new funding […]

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Meet the men who advise Ratan Tata on his angel investments

Ratan-N.-TataRatan Naval Tata is no stranger to betting big. The 78-year-old chairman emeritus of Tata Sons Ltd has backed 36 startups since retiring as the head of the Tata Group in December 2012. Tata’s personal investment portfolio is spread across India’s hottest internet companies, covering sectors as diverse as healthcare and fashion, besides social enterprise […]

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Alibaba in talks with Delhivery, Xpressbees to build India logistics arm

AlibabaChinese e-commerce major Alibaba Group is in talks with two Indian e-commerce logistics firms, Delhivery and Xpressbees, for potential investments to build a strong logistics infrastructure before launching its horizontal marketplace platform in the country. Citing two unnamed people aware of the development, The Economic Times reported also that Alibaba was considering infusing more funds […]

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Alibaba in talks with Delhivery, Xpressbees to build India logistics arm

AlibabaChinese e-commerce major Alibaba Group is in talks with two Indian e-commerce logistics firms, Delhivery and Xpressbees, for potential investments to build a strong logistics infrastructure before launching its horizontal marketplace platform in the country. Citing two unnamed people aware of the development, The Economic Times reported also that Alibaba was considering infusing more funds […]

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